Cost To Build A House In Maine

It’s not easy to estimate the cost of building a house. We will look at some national and regional averages, and then break down the different aspects of homebuilding costs so you can get a better idea of how much it might cost to build your dream house.

The Average House Building Cost

You can expect a wide range of results when you ask for an average such as this. It will vary depending on who the data came from, how many people answered, and the source of the data. Here are some estimates that can be trusted. The average cost to build a single-family home in the United States is…

  • According to the National Association of Home Builders, $296,652
  • According to HomeAdvisor’s 2020 estimates, $311,455
  • $281,700 (median price of a contract)

Per square foot, between $100 and $1,000,000 This is a very long answer. According to a U.S. Census Bureau 2019 report, the Northeast and West represent the most expensive regions to build in. The Northeast had an average cost of $155 per square feet at that time. Because houses are so complex, an average is almost meaningless.

Costs per Square Foot in Maine

The state of Maine has building costs that are at least 5% lower than the national average, which is comparable to those in Florida, Oklahoma and Vermont.

Best Single Family Homes of Standard Standard

For the best-standard private homes in Maine, the building cost per square feet ranges between $128.73 and $195.52 per squareft. The average is $150.71 per squareft. The bar chart below shows that larger homes with large gross floor areas have the lowest building cost per square foot.

Semi Luxury Single-Family Homes

Semi-luxury private homes in Maine have a building cost per square footage of $199.13 to $305.24, with an average of $234.99 per square feet. The bar chart below shows that larger homes with large gross floor areas have lower building costs.

Best Single Family Homes of Standard Standard

For the best-standard private homes in Maine, the building cost per square feet ranges between $128.73 and $195.52 per squareft. The average is $150.71 per squareft. The bar chart below shows that larger homes with large gross floor areas have the lowest building cost per square foot.

Building vs. Buying

The big question prospective home builders are asking is: Can I save money building my own home? Unhelpfully, the answer is a clear “yes.” According to the Census Bureau, in 2019, the average cost of a single-family home was $383,000. This is clearly a lot more than the average $280,000-$310,000 cost to build a home. However, these prices aren’t as simple as they may seem. We’ll discuss the financial benefits and disadvantages of purchasing an existing home as compared to building one.

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